What is the reason for LeTV's daily limit?

Jia Yueting's car factory started, but without Sun Hongbin, LeTV's daily limit went up.

On March 20th, LeTV (300 104. SZ) magically stopped trading again. It is amazing because, from a fundamental point of view, LeTV has no good news.

On the one hand, the company loses11600 million yuan a year; On the other hand, Sun Hongbin, who was "willing to admit defeat", announced his resignation as chairman. At present, LeTV has no leader, and the future is confusing.

Even so, the share price of LeTV can still go up and down, and the turnover can still reach 2.7438 billion yuan. Faced with this situation, some investors shouted in gub:

Letv has become a gambling paradise for speculative funds.

If you have to find a reason for LeTV's daily limit, it must be related to Jia Yueting. Some media have revealed that the Faraday Future Factory in Jia Yueting has been officially started, and large-scale recruitment has been launched.

? Jia Yueting automobile factory started construction.

On March 20th, FaradayFuture (hereinafter referred to as FF), an electric vehicle company invested by Jia Yueting, learned that its factory in hanford, California, USA has officially started construction recently.

FF has indicated that it is promoting the production of the first production model FF9 1. In February this year, Jia Yueting publicly announced that FF had obtained financing of $654.38+$50 million, and the new car could be delivered at the end of 2065.438+08.

FF and LeTV have no equity or business relationship, but when it comes to these two companies, Jia Yueting comes to mind first. I don't know if the investors don't understand or do it intentionally. After the good news from FF, LeTV's share price has also risen, and this is not the first time.

A week ago, on March 13, it was reported that the affiliated company of FF, Ruichi Smart Car (Guangzhou) Co., Ltd., newly registered a project company in Nansha District, Guangzhou, and planned to carry out vehicle research and development.

Coincidentally, after the above news reports, LeTV's share price also went up on March 13, and was temporarily suspended after it rose again on March 14.

In addition to registering affiliated companies in China, FF has started large-scale recruitment in Beijing and Shanghai this year. On FF's official WeChat official account, it was found that FF had posted five recruitment notices, mainly in Beijing and Shanghai, covering R&D, manufacturing and supply chain.

Taking the fifth phase as an example, FF recruited 18 positions in Beijing, including senior product manager, project manager and EMC engineer.

The hot money business department took turns to appear.

There is no equity and business relationship between letv and FF, and the good news of FF and letv's daily limit may be just a coincidence. The reason for Letv's daily limit may only be found in market data.

Since the resumption of trading on June 24, 65438, LeTV has experienced 14 daily limit and 3 daily limit, and the switching frequency is very fast. Behind this rapid conversion of daily limit and daily limit is the turn of each business department.

Query the dragon and tiger list and find that the sales department in Xiamen is very active, such as:

In addition to Xiamen's sales department, there are many famous hot money sales departments also involved. For example, China Merchants Securities Shenzhen Shekou Industrial Seventh Road Securities Business Department. On March 19, the business department bought 26,684,400 yuan, ranking second.

Today, CITIC Securities Shanghai Liyang Road Securities Business Department also bought a net of 40.0607 million yuan. According to statistics, within 34 trading days, more than 60 business departments landed on the Dragon and Tiger List in turn.

After the resumption of trading for 34 trading days, the cumulative turnover of LeTV was 38.383 billion yuan, with a turnover rate of 246.70%. The long-term suspension of trading and the continuous limit of the word board after the resumption of trading have caused many investors who were previously "quilted" to suffer deeply, and they did not hesitate to cut their meat and go out to sea early. Surprisingly, in this case, there are still many brave retail investors buying. The data shows that within 13 trading days after the resumption of trading on June 24, 65438, the number of shareholders of LeTV increased by 15 1 10,000, reaching 336,000. Since the cumulative turnover rate of LeTV was as high as 46.68% on February 8 and 9, this means that most of the 336,000 investors at this time are already there.

Although Jia Yueting's plan to build a car in the United States seems to be flourishing, it has nothing to do with the confusing LeTV in the future. I don't know if retail investors really don't understand, or if there are many die-hard fans in Jia Yueting who really show their support with real money.